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Peltz hedge fund raises exposure to Mondelez and PepsiCo

Trian Fund Management, the US activist hedge fund run by Nelson Peltz, disclosed in a regulatory filing on Friday that it had raised its position in Mondelez International by 1.46%, to roughly 41.5 million shares, during the final three months of last year.

According to the filing with the Securities and Exchange Commission, Trian also upped its exposure to PepsiCo in the period, from just under 12.3 million shares as of September 30 to 12.3 million at the end of December.

Peltz’s investment fund also revealed a slightly higher stake in Tiffany & Co. and a trimmed position in nutritional-products retailer GNC. Overall, the value of Trian’s holdings climbed to $5.93bn at the end of the fourth quarter from $5.46bn at the end of the prior quarter, the filing added.